Rogielôrod Ollico" Moìthri "132, Cothodrol Rood,Chsnnoi ó00 0Bó.lndio.

ctN . t35999TN I93 óPtC002202

9l ta 281I 2472

, 9l 44 281| 2449www.roñ9group.com

tot

Fox

URL

Rone Holdings limiled

RHLISE/øz /2017-18

//Onllne Submisslon//

February 06, 2018"

Dear Sir / Madam,

Sub: Outcome of Board Meeting held on Februari 06, 2018. under Fegulation 30 ofSEBI LODR

Ref : Our letter no. RHL / SE / 5 á t zOlz-l1 dated Decembdr 28,2O1Z

This is to inform you that the Board of D¡rectors have, inter alia, approved the standílone &consblidated un-audited financial resqlts (lnd AS compllant) of thê Company for the quárterand nine

-months ended December 31, 2017, based on the recommendations of the Audit

Commitiee, at their respective meeting(s) held today, i.e. February 06, 2018,

The standalone & consotidated un-audited financial results of the Company for the quarterand nine months ended December 31 , 2017, is enclosed along w¡th the Limited ReviewRepod issued by M/s, Deloitte Haskins & Sells, Chartered Accountanfs, Statutory Auditors(Regulat¡on 33).

The financial results will be available on the website of the conlpany at wvwv,ranegtout).com(Rogulation 46).

The extract of consólidated un-audited financial results w¡ll be published in newspapers, i.e.,'Business Standard' and 'Dinamani' in the format prescribed (Regulatian 47),An 'earnings release' for the above results is also enclosed (Regulation 30).

The meet¡ng of the Board of D¡rectors commenced at 11íOO his (lST) and concluded att3r25hrs (lsT).

We request you to take the above on record and note the compliance under relevantprovisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015(sEBr LODR).

Thanking you.

Yours laithtully,

Standalone & Censol¡datad un-aud¡ted f¡nanc¡al resulß fot the qudrter & nine months ended Decenbet 3l , 2Ol 7,r'Extract ol the cõnsolldated un-aud¡ted llnanc¡al rcsults lor Newspapet pubtìcation,L¡m¡¡ed Flevlew Repod tot .lhe quanet & n¡ne months ended December 31 , 2O1 7 .Ean¡ngs rclease lot the quañet & nine months ended Decembet 31, 2017,.

1.

2.

tEncl: a/a

Y

| (.)Re..ùêroúopoÉrìoñs(Éftrnoi.Ð

I (c) o'tór oÞoråì¡o ln@m€

| (a) c¡st ot ñt't6riãr5 Msum.d

| (b) PurúÍ.s. ôr srocrcin-ù'de

I (c) châio.si¡ irenioriosorr¡Èhéd sood.,

| (d) Ercb. Duty (ßror ¡016 6)

| {ê) Eñploy.. bonofiis ôpÞi$

| (!) o.Þßcì.|¡on ånd morisrio¡ .xp.nsI (h) Prorssiorâr chár!ós

(Ð l.romaÍd Syst€ñs dþors

3. PÉfit , ll@l b.roE sh¡E dr pr.llt, l@l ol Jo¡naúntuô ård s.óclrt ¡rd EE.pdd¡l ¡Lnr ll-21

4. Srhftof PÞfrt / (qr) ol Jo¡nr Vdtu@ ard Aso¡Jåiô

(li) Assi8L5. P'Ðltt B.loû .ß.Þfon.¡ it hB ård r¡r (3l¡)6 Eþptioret tions ( F¡ô6r Noto 6)t. Púñt b.foó Ër (5+3)

cu@¡r Tax (Ner of MEt cÉdit)le¡ r€¡.ling io 6Édi6r y€ãr

9. Pret¡t ¡ (L@l ror rh. p.n.d (t{)Pólit for rh. pdiod sí¡:buÞblo io:

., oüæ ol ñô 6ñp.rìyb. NoÞÈnùdling i¡toGl

tO Olh.r ConpEh.Gtuq ¡ncqm (ilot ôf T*E realOlhorCmpEh€nriE ln@m6 (OCl) arùibùt¿bt. !ù

a. OMoÉ ûf ihé trpúryb_ NoDdúlll¡no ¡nt.E3t

ll. roLl CønÞóh.ßi6 lmôñ. rôr m. !.d..1 p+lol(com¡ñ.¡i¡ Þórt , {lo!!) .Id on'.r c@Þñh.r!iw¡rcdm lor rh. Fdod)-rol'l conpEhøiv.l¡@mo (fcl) siùlbut bl.tô:

. OÀdd ollh.trp.nyb. NoF6ûtrdFn0 ¡ñt É.1

l¿ D.r.lb ol.qrlty.¡rñ álitdP.iúup .qrtly dEG c4lt l(FæV¡¡&ol Rs.10 È p.. !h.É )

ItE ñirt. Þ.r ¡r¡n lEÞ3) (or R.ior- ct, (Anùrt tr F¡i)

(b) Dlllbd

. ¡e,6 ¡ ,.' ol.ld. ú'

RAI{E IIOLDIiIGS LI ITEDclll t-5¡tf ¡loae¡cÚo:¿¡2

¡.tú Oltlé :'[¡rflñ', lsl, CdEdEl Ro!d, Ch.rd - 400 013vrt! u .t ñ¡ lFùpsD

Group ÁggrsgeL - K.y Flnanclal Hlghllgtts

@

slålâmont oi stendalono & consolldeLd t neud¡lâd llnãnclal ¡êsuns tor the cluarter and Nlne molrths €nd€d D€c€Írbor 31,2017

#ffiMEl 132, lP* \ CA]HEDML ,f *

þ"Hkg

1,69226

16.01

1:tod.27

1,954 79

1,535.73

110.353,650.37

29..17

145.91

177.42

37¡.GS

323.53

1,372,0712.ã9

316.67

45_96

192U2152.30206.61

9¡7.3¡

2,?0404

2,703.O3

5¡10,81

(ß-m)¡:¡t.at

2,2¡5.2it

{13.6S)

2,007.94

4724.94110.72

424,53

a2&54

(7_56)

la¡.ra63S.6¡

{10.001

37Û.97

66.13

33.13

35.33

156.30

174.49

av¡5523.31

361.33

3,959.29

10533

sn.25160,S7

94.90

556-,¡2

2,647.4t

¡,190¡0

1,1l',/O

794.30

(s.33)

155.59)

57,001.æ

2,Æ.2030.43

5t/alia¡l¡¡

31,3/S.A16'¡.59

(1,886.47)

2,366.,19

661_32

223.25

11,52531

5G,3¡14.3S

3,110.06

3.6û2.36

at12a2

al12t2

2,ø!t2.tvt

9.59

(a¡0.48)

2,2¡205a,&,37

1,053.47

210.39

4.212@.21

2,641-û

2,211_gt

2,2t1.67

2,21t1.ß1

{69.03

(É.28)1Á2,75

t,79&32

523.3t

53,68ê.97

2,230.63

239.6653,20&31

27,O19.20

195.54

971.12

9,971-34

1,143.46

2,713_81

195.55

53,3C3.03

6.081.31

6,0sr3l

2,615.,r5

(23'r_33)

2,j31.123,750.t9

3,063.36

631.33

1211.7O)

(r43.r)01.13)

3.535,49

2,924.79610.70

1,427,74

21Æ

95.37

(3J9)92.03

tßl1.2a

62ß2.64

1J7f.9A223.ß

5¡ll3.04

26,223_36

132_94

Q,14.41)

4,792.71

9,019.70

2,643¡6

175,2ß

53,3A27/t

1,93S.35

134æ3,163.!15

3.168.95

62452

1,O31.23

2,13r.72

'1,745.31

3ô9.35

8,47

1,14.74

2,n)1,53

1,62,165_06

6,744.55

5ô5,041,69,5ia,69

34,752.29

579.31

(2,19O.75,

¡1,700,4,3

29,864,44

3,310,8.t

612173ll,?61.0¡l

1,52,215.15

9,115 56

r6y'19.r01,5¡3.39

't7,ra2,aa

6,9S2.40

9.59(309.ø31

qt9¡L36tl.79gl3

10,158,321,6¡10.41

1328.331

1212,14)(34¡0)

17lr2,at

I,S16,1S1,556,6r

1,12t.74

71,1571.15

l,¡16

a¡:¡a.a:t

1,azt f4!

'|,5f,512 -31

5,149_52

1,592 60

75,613.35

551.12

12,44425.

26,907,16

3,381tô7,090,501,765.24

5ß,743¿,259.63

13¡,rttl.xt

5,135.66

325,21

14,122.40

1.090.72

5,5S3.12

13,329.33

9,05551

153.3!¡l

(49,7q(0.19

13;170ta

Lm5.a11,766'È2

1,127.74

64,42âa/2

'1,a2tla

63ß.S7

0.66

(f3.681429

1,301.32

1,127.78

4.4u41

4¡5t.03

31.¿.767@25

1,&7.741,a21.7A

12.æ 2431

14,O9

2,1636¡

1.750,,16

&4,23

1,42f.14

17.22

lh.âbovofngû:¡6lÉ5UlkwEvio@dby0ì6À!dilconmiüæa¡dapp@dÙymoBoåldôfDìóctoB.tth.irE.Þ.ct'wn.6li¡gshdo¡F.bro6.2oí8ñdh.Th.conFéryholdsstr.tågicinw6tno¡t'i.sUb3idiåtieãndjo¡ntEnf6(øll6dj@lyellod"|héGÞup..Ig4€dpdm.ñ'inm.nuÊ¡ndßfy, nrinly ltr6 åutoñotiw 3€clo¡, and ¡l$ pfù:dês n..¡9.m.t4 i¡lometiø tôcùnotooy ånd busiñ.s3 (bEtopn.ñt Ði€! 1ô t É GEUp,llìóåboGconiol¡dal6dlr-ci.lÉsl1bftfåpo'lod.nd.dEÞøñb.r31'2017¡nilÙd.fn.¡dal@lcollourM.ásb|d.d6'oødif6d by th. man.o.n.it Thi3 ûtt bè ¡ppopdaùty dô.tt sith åt thô y.¡r4nd.Th.onpñyh6ådopbdlh.lndb.A@rti.gslåñ&d3(lndAElomÂÞrjlf'2of7ádlh¡5fnÉntJålÈ!Uli!hMb..npEpædinlæld.nÈùilh'll.E6gnitonlh€ d.to oftrénsiüon b tnd ¡"s h Ápd¡ 1, 2016.'rh. GouÞ opoÉlG in sing¡6 s.gm.nl. .añ€ly, ññuf.drrE/mdcdng ol @ñÞon.nt3 Énd púidi¡g LdrmlogÈãl s.Ni6 brlEnsporHion jndurry.con$qU.nIbintþdudionolGoo&.nds.ri*.lÙ(GsÐwôJJuly1'20l7'cw.u.fÞmoD6r¿lioßbrlh6qua.iôrdd€d0@mb.r3l'2017ands¿Þl6ñbo'3o.2o1?'ÞÉ.íddG$¡Aeoundn0s.iand.rd(ltdA913-.R.wU.,'ìl€cvonuót!nopèEùìomlÛûôqu..|.r.rd.dD.6bor31'2o16ddninêñoñlllson(ñb¿i3í'2o16åóúvonu. trM oFEElloß lor lho qu.rtór .nd.d D€€mb.r 31, 2017 .nd ninå noitùs qd€d D€@ûb.r 31, 2ù 7 ro $at .$o¡tItoñ È EEprionel ¡t¡ms i¡ ti. øetidåkd fn.ndd 6stß irctudo t ì. fo¡tdino i.'sheúofÞÞftE6gnl!.dduo!oìandsAplr¡$dd@td.datfâir*lFbyR:n.NsKSie.ringqFi.ñlPvi'ßd|.JolnlV.nùÞøñpatrolR.'1'5?339b.b'Dufinglh.ptloUsq@l.ron¡l9dsoÞtômb6r30'2017'Ran€(i¡åd6)LdßMÐ.,3Ubsldlafy@úp.ny'h4G@d€d¿.aqoG0ai'

i.3ÙfñøÞÔl¡cylofpEdu.t6c€lugUÉÊrb.d.in'¡cæt!'lñ6clåiñh.3bdÈti'lifãbdloh.¡ng!Er.Idh.sb..n6ßid.tEdágif'uEnædám@iE6l.4RM!is@d€.ioiwdnÛih

c. Púfit on sdo ol lånd by Rare Êrgitu Vstuo Lim¡t d (REVL), a ebsidiåry æñp.rry, of Re.s¡07.67 tákh! for ll. n¡n. modh. ô¡d.d Dæmb.r 3r, 2016R@n¡lliatjon of nõt pEft Epost d und.r ¡rdi4 GÁAP lor rh. olañor and ninó ñonths dd€d D$mb.r 31. 2016 wiû t¡d As È tuñish.d b€t RÀ t¡*ht

,cl!árjal g.in / {Lca) d åñdoye d.finod b€nofts Þtds Edå$iñ€d in oth.. C¡ñÞßhoßis

Fai¡ v.lustion ol lin.ncùl E$.c and riabitiüG (NôtìAmoíisarior ol dô6frd rn6mè Þ¡ath! io Go6ñónr GEtlr (EPCG u@n*) - Nôr ofßlái.d (þDßci.ton m Mounr €Þitai..dR@lnfior of pÉf'ÉÉ divid.¡d æ t.llBt ir@ñ6 - Fy 2016,170€6md trx ¡ñD.ct d ábob ádlu.ùn.rts

cÍr t350!ptM!B6P!c002202R.!d- oí*. :'taffHRr ". t32, crìtdãr Rod, cì.m.r - c00 ora

dr E.t ffi.En.!ÞüÈøn

De@gnidd ot prELrone dtidond - FY 201516R6øgnilion ol d.tômd ior lirbtlity on u¡distibú.d D.ûfitú Pr¿llt ud.r lnd As (Ð

A.turigl gáln / (¡Nr) on cñploy€o délìnéd bènåf'l plaßEff.cti€ podim ol qa¡.s / (¡cs) d (þsiOñåLd porio ol h.doing irsltuñênls in a €shtlN h€dgô Ddæsif€d in Oürd CôñÞGhèn.iw l¡@moErch.nle gåin / (b!s) on FoBis¡ Op.r¿tionDolôftd tÉx ìñþ.ct on .b@ adluslmoni

AnlnEdñDMd..dolR.'5'50/-pôf.qui''hæfæb.ddo.lEÉdbyrhêBo.tdDiBfßon|h.dividdd ß Fôbtosry 16, 2014. ftê tnt rim divtd€nd wld be Þåid io ¡ .tigibt6 lhaEhold.ß on Fobußry 26, 201û.lho 6n$lidåH fnd:¡J Þrulk lo.lho q@rtor Eñd nin. monhs .

\

R€gulatioß, 2015. llrå ñnú.:iãl€sull! aß de awi¡rbl. on rh6 stoc& Exclìanoo Fb3i¡ss:ww.bsindiaøm ardw.ßêindi..m ¿rd d tho 6ñp¿n/s øbdtè sw.€noo@Þ.6ñ.

ryrV

\W

Råne Holdinga LimitedRegd. Oficê | 'MAITHF¡', 132, CalhedrålFoad, Cleñnai .600 086visil us ât ww.ranêgroup.com CIN: 135999TN1936P1C002202

Group Aggrêgrlê. Kêy Flnãncläl Hlghllghts

Thê âbovê ¡s ån ênrâci ol the dãtållêd lormâr ol quâdêrånd nlne mônrhs €ndêd corcolldâr€d Uraudlr€d FlnandalRêsulrs illad Mrh rh€ slock Exchanges und€rRegurâtlon a3 ol rhe SEBI (Llsr¡ng âñd Dlsdosure Requkêmênrs) Rêgular¡ôß, 201s, Thê lull lormâr ol rhe consolldatêd unåudlrêd F¡íandal Rssulrs arê avållåbl€onlhe Sto€k Exdtange w€bsites: ww.bse¡ndla.cor¡ and ww,ns€indâ.com ånd on lhê compânyl $êbslle- $vw.rânêgroup.êom

1. Th€ abov€ consolldal€d lina¡dâl resulls were reviewèd by lhe audit Commiiêê ând âpprovêd by lhê 86ãrd ol Oireclôß ât lhêir rêspêct¡vã rnêêllngB hêld onFêbruåry o€,20r8 and hâvê bêên êublãcr lo urnitêd Rêvlêwhythâ sralurory âudltor8.

2. The compâny hâs adopr€d lndiân ¡¿êôùntinq Srândãrds (lnd AS) lrom April 1,2017 ând thls flnândâl rêrulß hâvê beên p¡êpârêd ln âc.ôrdânc6 wilh thê rêcôqñlllonând mêa€urêm€nl Þ¡indÞlêE lald do¡À¡¡ ¡n lhê Eald 3lândãrds. Thê dal€ ol lranslllon lo lnd AS 13 Aprll l,2016.

3, Coñsequent lo ¡nlrodudion ol Goods and Seù¡ces Tâ¡ (GS¡ $,e.1Jlly 1, 2017, reveñue lrom operations lorih6 quader eñded December 31, 2017 âñd Sepleñber30,2017 are repres€nled nel of GST in coñplianca wilh lñdian Acaounl¡no Slånderd (hd AS) 18.'Revenuo'. The reveñue l¡om ope¡alioñs lor thê quader êndêdOècêmb€r 31,201ô and nin6 ñonlhs ended D€cêñb€r 31, 2010 arê 6xclusivê ol erds6 duly and âre not cômpârable $¡lh lhê rêvênue kôñ operâtio¡s lorthe quå@¡e.ìded Dec€r¡bor 31,2017 and nim monlhs €nded Dec€mþ€r 31, 20ÍT lolhal od€nl,

paldup. The R8cod dare ro d8le¡mlne sligiblô shacholdôrs to¡ paymenr ol dividend ls February 1€,2018. fhe lnle¡im dividend would be pâid ro âllêliglblê shârc.holdets oñ Feþu¡ary 26,2018

5. An tnl6rim Dlvidend of Rs.5.50/. per €qully shar8 has be€n dsdared by lh€ Boad ol Di€c1o¡s on lhe paid.up capilal ot 1,42.77,809 €quity sha¡es of 8s,10 each lully

Chsnnal

a.Noquårtsrsndr

31,12.2017I

3

5

7

toral lncom€ lrom Operalions\,let P.olil / (Lqa3) lor lh6 pe 0d (bâfore lsx ând êxcåpllo¡ål llêm6)

\er Profil / (Loss) tor lhe pe od belore ld (alter exc€pllonal llems)

\el Pro,il / (Loss) lor thê pgrlod afl€r lgl and sxc€pllonsl il€ms

a. Owners ol lhê cômpânyb, Noñ.conlrolling inleresl

roral Conp¡eheñsive lncomelorihe p€dôd lcomprkiñg Prolii / (Loss) fôr lhêteriod (aflêr lãx) and Othêr Comprêhênslvê lncomê (aflê¡lax)l

â. Ow¡€rê ol thê compånyb. Noñ.convolllng lnrêÌêsr

:qu¡ly Sha¡e Cap¡lal

:-anin$ Per Shârê (of Bs. ld- êâch)1. Baslc:

2- Dilurèd:

59,454.45

6,712.42

6,712.42

3,756.40693.97

3,742.74704.25

1427,7E

2ô.31

26,31

50,203.31

6,081.3r

6,08r.3r

3,068-3€64f.83

2,924.79610.70

1427.78

21.4921.45

54,458.08

3,168.95

3,168.95

'|,745,37389.35

1,759,46404,23

1427 ,78

12,22

12.22

1,69,518,69

16,4t9,10

17,992.49

10,f58,32f,640.81

9,9f6,i91,556,61

.781427

71,1571,15

1,64,884.46

10,02t,13

19,422,40

s,055,514,774.17

I,005,814,745,O2

.781427

63,42

63.42

slandalon€ linandal inlomallon 13 glv€n b€low F3.

31.12.2017 30.09.20t7 31.12.2016 31,12,201i 31.12.2016

OlheÌ Compr6hênslv€ lncomêlôtâl CMôrðhê.Éivê l¡óñè

828.58689.64(10.00,

2,703.032,245.22

(r3.69)

523.31431.23

1.48

4,190.403,489.43

(55.59)

2,241.671,798.92

4,40t.åo3.32

I4rz

,l

DeloitteHaskins & Sells

INDEPENDENT AUDITOR'S REVIEW REPORT ONREVIEW OF INTERIM FINANCIAL RESULTS

TO THE BOARD OF DIRECTORS OF RANE HOLDING LIMITED

We have reviewed the accompanying Statement of Standalone Unaudited Financial Resultsof RANE HOLDINcS LIMITED ("the Company"), for the euarter and njne months endedDecember 37,20t7 ("the Statement"), be¡ng submitted by the Company pursuant to therequirement of Regulation 33 of the SEBI (Listing Obligations and DisclosureRequ¡rements) Regulat¡ons, 2015, as modified by Circular No. CIR/CFD/FAC/62/2OI6dated July 5, 2076.

This Statement which ¡s the responsibility of the Company's Management and approvedby the Board of Directors, has been prepared in accordance with the recognition andmeasurement principles laid down in the Indian Accounting Standard 34 "lnter¡m FinancialReporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 readwith relevant rules issued there under and other accounting principles generally acceptedin India. Our responsib¡lity is to issue a report on the Statement based on our review.

We conducted our review of the Statement in accordance with the Standard on ReviewEngagements (SRE) 2410 'Review of Interim Financial Informat¡on performed by theIndependent Aud¡tor of the Entity', issued by the Inst¡tute of Chartered Accountants ofIndia. This Standard requires that we plan and perform the rev¡ew to obtain moderateassurance as to whether the Statement is free of mater¡al misstatement. A review ¡slimited primarily to inquir¡es of Company personnel and analytical procedures applied tofinancial data and thus provides less assurance than an audit. We have not oerformed anaudit and, accord¡ngly, we do not express an audit op¡nion.

Based on our review conducted as stated above, nothir'ìg has corìle to our attention that-causes us to believe that the accompanying Statement, prepared in accordance with theaforesaid Indian Accounting Standards and other account¡ng principles generally acceptedin lndia, has not disclosed the information required to be disclosed in terms of Regulation33 of the SEBI (L¡sting Obligations and Disclosure Requ¡rements) Regulations, 2015, asmod¡fied by Circular No. CIR/CFD/FAC/62/2076 dated July 5, 2016, including the mannerin which it is to be disclosed, or that it contains anv material m¡sstatentent.

For DELOITTE HASKINS & SELLS

(Firm's

partne r(lYembership No. 209252)

Chárt€rêd AccountântsASV N Ramana Tower,52, Venkatnarôyana Road,T. N¿gâr,chennal- 600 017,

TamllNadu,lndlã

Teli +91 44 6688 5000Fax: +91 44 6688 5100

1.

Cha rtered Accou nta ntsReg¡stratidn No. 008072s)

Chennai, February 06, 2018

DeloitteHaskins & Sells

INDEPENDENT AUDITOR'S REVIEI'ì' REPORT ON REVIEWOF INTERIM CONSOLIDATED FINANCIAL RESULTS

TO THE BOARD OF DIRECTORS OF RANE HOLDINGS LIMITED

Chan€rêd Accountô¡tsASV N Ramana Tower,52, Venkatnårayanå Road,1 Nâgâr,Chennal '600 017,

TâmllNadu, lndla

Teli +91 44 6688 5000Faxi +91 44 6688 5100

1. We have reviewed the accompanying Consolidated unaudited financial results included in theStatement of Standalone and Consolidated Unaudited Financial Results of RANE HOLDINGSLIMITED ("the Parent") and its subsidiaries (the Parent and its subsidiaries together referredto as "the croup"), and ¡ts share of the profit of its joint ventures for the euãrter and ninemonths ended December 37,2or7 ("the statement") be¡ng submitted by the parent pursuanrto the requirement of Regulation 33 of the sEBI (L¡sting obliga[ions and DisclosureRequirements) Regulations, 2015, as modified by c¡rcu¡ar No, CIR/CFD/FA c/62/2076 datedJu ly 5, 2016.

This statement, which is the responsibility of thc parent's Management and approved by theBoard of Directors, has been prepared in accordance with the rècognition and'measurementprinciples laid down in Indian Accounting standard 34 "Interim F¡nanc¡al Reporting,,('.Ind AS34"), prescribed under section 133 of the companies Act, 2013 read with relevant rules ¡ssuedthereunder and other account¡ng princ¡ples generally accepted in India. our resÞonsibilitv isto ¡ssue a report on the Statement based on our review

We conducted our rev¡ew of the Statement in accordance with the Standard orì Rev¡ewEngagements (sRE) 2410 "Rev¡ew of Interim F¡nancial Informat¡on performed by theIndependent Auditor of the Entity", issued by the Institute of Chartered Accountants of Ind¡a.Th¡s Standard requires that we plan and perform the review to obtain moderate assurance asto whether the Statement is free of mater¡al misstatement. A review is lirnited primarilv toinquir¡es of Parent's personnel and analytical procedures applied to financial data and thusprovides less assurance than an audit. we have not performed an audit and, accordingly, wedo not exÞress an aud¡t oDinion.

2.

3. The Consolidated unaudited financial results in the Statement includes the results of thefollowinq e ntities:

Name of the Company Relationsh¡pRane Holdrngs Limited (RHL) Pa rentRa n g_( 1'4! dlg!ì!]I!j!q! IEM _, Subsidiary of RHLRane (Madras) International Holdinqs 8.V., Netherlands (RMIH) Subsidiary of RMLRane Precision Die Casting Inc., United States of Amer¡ca (RpDC) Subsidiary of RMIHRane Engine Valve Limited (REVL) Su bsidiary of RHLRane Brake Lining Limited (RqL) Subsidiary of RHLRane Holdings Amerjca Inc. (RHAI) Su bsid iary of RHLTelematics4u Services Pr¡vate Limited lT4U) Subsidiary of RHLRane Holdings Europe GmbH (formerly known as Ma¡nsee 1O3BV V. GmbH)

Subsid iary of RHL

Rane TRW Steerinq Systems private Limited (RTSSL) J oint Venture of RHL

Æ*qQ)

{M

DeloitteHaskins & Sells

Name of the Collrpany RelationshipRane NSK Steer¡ng Systems Pr¡vate Lim¡ted (RNSSL) Joint Ventu re of RHLJMA Rane lvlarketing Limited (JMA Rane) Joint Venture of RHL

4. The consolidated unaudited financial results includes the interim financial results of four

5.

subsidiaries and five subsld¡aries for the quarter and nine months ended December il, 2O!7respectively, wh¡ch have not been reviewed by their auditors, whose inter¡m financial resultsreflect total revenue of Rs. 41531,86 lakhs and Rs. 14,390.04 lakhs for the quarter and ninemonths ended December 3L, 2077 respect¡vely, and total loss of Rs. r,og4j4 lakhs and Rs,7,502.07 lakhs for the quarter and nine months ended December 3r, 2ol7 and totalcomprehensive loss of Rs. r,085.44 lakhs and Rs. 1,675.07 lakhs for the quarter and ninemonths ended December 31, 20L7, respectively, as considered in the consolidated unauditedfinancial results. The consol¡dated unaudited financial results also includes the Group's shareof profit after tax of Rs. 25.92 lakhs and Rs. 50.13 lakhs for the quarter and nine monthsended December 37,2017 and rotal comprehensive income of Rs. 25.54 lakhs and Rs. 48.98lakhs for the quarter and nine months ended December 37, zor7, respectively, as consideredin the consolidated unaud¡ted financial results, ¡n respect of a joint venture, based on lts¡nterim financial result which has not been reviewed by its auditor. These inter¡m financialresults have been certified by the Management of these subsidiaries and joint venture referredabove and our report on the statement, in so far as it relates to the amounts included inconsolidated unaudited financial results in respect of these subsidiaries and joint venrure, tsbased solely on such certified interim financial results for the quarter and ninè months endedDecember 37, 2077. This matter was also qualified in our report on the consolidatecl unauditedfinancial results for the quarter ended september 30, 2ol7 and quarter and nine months endedDecember 37, 20L6.

Based on our review conducted as stated above and based on the consideration of the reviewreports of the other auditors referred to in paragraph 7 below and except for the possibleeffects of the matter described in paragraph 4 above, nothing has come to our attention thatcauses us to believe that the accompanying consolidated unaudited financial results included¡n the Statement has not been prepared irr accordance with the aforesald Indian AccountingStandards and other accounting principles generally accepted in India, and has not discloseãthe ¡nformation required to be disclosed in terms of Regulat¡on 33 of the SEBI (Listingobligations and Disclosure Requirements) Regulations, 2015, as modified by circuiar No.CIR/CFD/FAC/62/2076 dated luly 5. 2016, including the manner in which it is to be disclosed,ur tlral" ¡1" contains äny mäterläl misstatement,

We draw attention to Note 6 (b) of the Statement regarding recognition of insurance cla¡mrecoverable of Rs. 1,008 lakhs during the nine months ended December 3r,2or7 by RaneMadras Lim¡ted, subsrdiary of the Parent based on the management's assessment of thecertainty of the recoverability of the insurance cla¡m, the settlement of which is subject tosurvey and admission by the Insurance Company.

Our report is not modified ¡n respect of this matter.

DeloitteHaskins & Sells

7.

8.

We did not review the inter¡m financial results of three subsidiaries and two subsidiaries forthe quarter and nine months ended December 3L, 2OI7 respectively included in theconsol¡dated unaudited financial results, whose interim financial results reflect total revenuesof Rs. 22,428.76 lakhs and Rs. 63,722.20 lakhs for the quarter and nine months endedDecember 31, 2017 respectively, and total profit after tax of Rs. 483.71 lakhs and Rs. 2,158.17lakhs for the quarter and n¡ne months ended December 3L, 2OI7 respectively and Totalcomprehensive income of Rs. 521.65 lakhs and Rs.2,I42.96 lakhs for the quarter atìd ninemonths ended December 3L,2077 respectively/ as considered in the consolidated unauditedfinancial results. The consolidated unaudited financial results also includes the Group's shareof profjt after tax of Rs. 1,301.40 lakhs and Rs. 4,652.55 lakhs for the quarter and nine monthsended Decembet 3T,2077 respectively and Total comprehensive income of Rs. 1,289.63 lakhsand Rs. 4,678.24 lakhs for the quarter and n¡ne months ended December 3L, 2Of7respectively, as considered in the consolidated unaudited financial results, in respect of a jointventure, whose interim financial resuits have not been reviewed by us. These interim financialresults have been reviewed by other auditors whose reports have been furnished to us by theManagement and our report on the Statement, in so far as it relates to the amounts anddisclosures ¡ncluded in the consoljdated unaudited results in respect of these subsidiaries andjoint venture, is based solely on the reports of the other aud¡tors.

Our report on the Statement is not modified ¡n respect of this matter.

The comparative financial information for the quarter and nine months ended December 31,2016 ¡n respect of two subsidiaries and a joint venture included in th¡s consolidated unauditedfinancial results prepared in accordance w¡th the Ind AS have been subjected to review byother auditors and have been relied upon by us.

Our report on the Statement ¡s not modified ¡n respect of this matter.

For Delo¡tte Haskins & SellsCha rtered Accou nta nts

(Firm's Registrat¡on No. :0080725)

À

t7t¡Xl4,ra-u^--¿7' '-

Ananth¡ AmarnathPa rtner

(Membership No, 209252)

Chennai, February 06, 2018 -ffi}q'"#/

Chennai, lndia, February 6, 2018 - Rane Holdings Limited (NSE:

RANEHOLDIN; BSE Code: 505800), the holding Company of Rane group

today announced financial performance for the third quarter (e3 Fy18) €nded

December 31"r,2017.

Group Aggrêgate Performance - Q3 FY 18

. Total Net Rovenue increased by 29 ,60/0 to <1,227.6 Ctore in Q3 FYl B from<947.4 Crore in Q3 FY17

. EBITDA stood at <159.4 Crore as ôompared to t100.5 Crore durlng e3FY17, an increase of 58.6%

EBITDA Margin at 13.070 for Q3 FY18 as agâ¡nst 10.6% in Q3 FY17PBT (before exceptional items) stood ât {100.5 Crore for e3 Fylg as

compared to <45.0 Crore ¡n Q3 FY17, an increase of 129.4%Consolldated Financials - 03 FY 18

. Total Net Revenue increased by 19.7% to <594.5 Cr in e3 Fy18 from l

<496.7 Cr in Q3 FY17. EBITDA stood at <70.4 Crore as comparod to <48.3 Crore during e3 Fy17,

ân incrôaso of .45.8olo

. EBITDA Margin at 11.8% for Q3 FY18 as against 9.7% in Q3 Fy17

. PBT (beforê exceptional items) stood at {67.1 Crore for e3 FylB ascomparod to <31,7 Crore ¡n Q3 FY17, ân increase of 1 11.8%

Corporatè Action

' An ¡nterim dividend of <5.501 per equity share has been declared þy theBoard of D¡rectors on the pa¡d-up capital ol 1 ,42,77,809 equ¡ty sharos ofT10/- each. The record date for payment of interim dlvidend is February 16,

2018.

Group's Key Business Hlghl¡ghts for Q3 FY18

. Revenue from lndian OE custômers grew by 34% yoy supported byincreased offtake across major vehicle segmentsRevenues froln lnternational customers grew 18% YoY ma¡nly dr¡ven by ,

new businesses for Occupant safety products

Revenuê from lndian aftermârket segment grew 25% ¡ndicating recoveryof demand post GST ìmplementation

Operationâl leverage on higher volumes and various cost control init¡ativesacross group companies helped in improv¡ng the overall prof¡tability

MANAGEMENT COMMENT

"Rane Group companies del¡vered strong revenue grovlth suppofted by

favorable market environment ¡n lnd¡a and robust demand from lnternational

cusfomers. W¡th the strong operctional performance, tha group compan¡es

improved prof¡tab¡lity. We are st¡ll wor4¡ng on addressing the challenges in

cerfaln bus,nesses. We expect demand environment to remain posit¡ve ¡n

the upcoming quañers".

L. Ganesh, Chaiman & Manag¡ng D¡rector, Rane Hotdings Ltd,

BUSINESS HIGHLIGHÏS

GROUP AOO REO ATE F INAN C IAL PERIORMANCE

ToltlNol Ro\onug*

EBITOA

ik@ln (Yo)

PBT (bôforo 6)@eplional ltems)

1,227,8 947,4 29,8'/ø

'159,4 100.5 58.6%

13,0% 10,6% 237 bþs

100.6 45,0 123,4%

ToklNstRownuo*EBITDA

i4aryln (UPBI (b6fore 6)aopllonal ltsms)

694.5 496.7 19,7'/o

70,4 48,3 45,80/o

11,8% 9.7% 212 bps

87.1 31,7 111.8'h

'Rovonùo et ludos ox.lse duly whotêvot appl¡@blo(h a ctñ, untæ' øthøtwlsø nênttônêd)

GROUP AGGREGATE SALES (03 FY18)

BY MARKET (%)

BY VËHICLE $EGMEN] (7.I

RANE H0LDINGS llrtlllED lWww RÀNEGRoUP-eOIL l03 Fy20jO EARNtNcS RELEASE lpÀ6E I OF 2

$5

C O NgO LIÐATÉ Ð F INA NC IAt PERFORMANCE

lnf oEM,16

l'ê.t*("?

CONSOLIDATED PROFIT AND LOSS ACCOUNT

¡ncome fom Operations

Divid€nd lncom€

Olhêr Opsratjng ¡ncome

Olhêr lncome

TotalRovenue

ËxponEos

-Cost of Mater¡al Consumod

-Purchase of stock-in-trado

-Changes in invenloris6

-E)(ols€ Duty

-Emplo!æe Beneft Eponse

-Financg Cost

-Dêprêciâtion & Anortzation

-ProfessionâlCharges

-lnformallon SJ¡stem s e&ensos

"OIher E)penditure

Totål Þ(peñses

PBT bofore sharo of proflt/(lo6s) otJV & assoclalês

Shâre of Proft / (loss) ofJVand Associate

PBl bôforo Þ(côpllonal itom3

E)ceptional ltem

PBT

TaxE)pens€

PAT

Olher Com prehens ive lncom ê (N€t of Tax Expensês)

Total GomprohênBlw Incom€ for tho porlod

524.6 8.7'/o 1,621.7

17.7 33.50/" 67.9

2 .2 -64 ,0lo 5 ,7

544.6 ø,20/o 1,695.2

2622 19.5% 847.5

1.8 -8.4% 5.8

-214 12.00/o -24.9

47.9 -100,0% 47,0

90.2 15,10/0 298.6

10.9 .2.6vo 33.1

26.4 8.4% 83,8

6.0 10.00h 17.5

'L8 27.40/0 6.1

107.8 6.9% 307.6

533.6 5.60/" 1,622.2

11.0 183.9% 73,0

20.7 73.7v. 91.2

31:t 111,80/0 164.2

' 157

31,7 111.80/0 179,3

10.3 118.7% 61.9

21.3 108.5./. 118.0

0,3 -97.7'/o -3.3

21.6 105.7% 114.7

570.1

23.7

0.8

594.5

313,5

1,7

-18.9

103.8

10.6

2A.7

6.6

2.2

't 15.3

563.4

31,1

36.0

67;l

67,1

44.5

0,0

44.5

536.8

22.8 3,70/o

2.4 -66.4%

562.0 5,60/o

270,5 15.90/o

2.0 -14.4Yo

9.7 -294.30/0

99.7 4.10/.

11.4 .7 .2Vo

27 .7 3,30/0

6,5 2.20/0

2.O 14.20/o

104.2 10.6%

533.7 5.6%

28.4 9.70/o

32.5 11.0%

60,8 104%

60.8 10.40/"

233 -3.0./o

37.5 18.7./0

-2.1 100.3%

s5.4 25's%

1,575.4 2,go/o

57,5 18,1./o

'15.9 -64,5Vø

1,648.8 2.80/0

756.2 12,10/o

5.5 5,10/o

-28.4 12.4.h

141.5 .66.8%

270.0 10.60/0

33.8 -2.1y.

79.9 4,80/6

17.7 -1.00/o

5,1 20,3to

322.6 4.6ø/o

1,603.7 1.10/6

45.1 61,90/o

55.1 65,40/o

100.2 63.8%

94.0 -83.3%

1942 .7,40/.

55.9 10.7Vo

13E.3 .14.70/o

-0.6 454.570

13f .7 .16.70/c

6.2./"

(ln < Ctotè, unlèss othow¡se ñenl¡oned. The sum ol sùb-sêgment anounts ñay nol êquat lhe totat amounts due to tound¡ng on

ABO UT RANE HOLDINGS LIM ITE D ABO UT RAN E GROUP

Rane Holdings Limited (RHL) is the hold¡ng company of Rane croup,RHL owns the trademark in Rane and provides a wide range ofservices to group Companies. These include employee training,developmsnt, investor serv¡ces, business development and¡nformation system support.

Headquarler€d ¡n Chennai, lndia, Rane Group ¡s engâged primarily inmanufactur¡ng auto components for well over fìve decades. Rane Group¡e a prefsrred suppl¡er to major OEMS in lnd¡a and abroad. Through ¡tsgroup compan¡es, it manufactures Steer¡ng and Suspens¡on systems,Fr¡ction materials, Valve tra¡n components, Occupant safety systems,Die-casting products and provides loT-based platform solutions. ltsproducts serve a variety of ¡ndustry segments ¡ncluding Pass€ngerVehicles, Commercial Vehicles, Farm Tractors, Two-wheelers, Three-wheelers, Railways and Stat¡onery Eng¡nes.

IF YOU HAVE ANY QUESTIONS OR REQUIRT IURTHER INFORI/IATION,PLEASE FEEL FREE TO CONTACT: INVESIORSERVICES@RANËGROUP.COM OR DPINGLE@CHRISTENSÊNIR,COM

C.la¡i slaLcnênß in lh¡s dælMt l¡al atø ¡at h¡stoiøJ ldcts aß to ad hþt¿ng

n#a¡dñdnyot\þ¡lacl6¡¡alcNldc¿Ù*aclualß3!islod¡lelnalê¡ia]1yîanUweØlen,p¡a1edbylhêlàhvû1loNaldr6þþmnß'hêùwuhdènakès ñ oblqaloi to þuW wdsle besè lo t¿td.t@kj¡p staltñènts to rere¿r srbrao!å¡r d yônrs or ¿¡ÌuÞsráres.

lo. J'*(e/

eìiiõéN5

INGS LIMIIEO IWV]V/ RÁNEGROUP.COI¡ Iq3 FY2013 EARNINOS RELEÀSE IPAGE 2 OF 2